Monday, October 29, 2007

Major Discovery Announced By EOG North Of Parshall Field

EOG released its 3rd Quarter results today and confirmed two high volume wells with IPs around 2K bopd about a dozen miles north of Parshall Field and one in the northern portion of the existing field. Those wells are the two Austin wells in secs 2 and 3, 154N, 90W, and the Wenco well in sec. 30, 153N, 89W, Mountrail Co. It goes without saying that there are a lot of development well locations between these two areas assuming the reservoir is continuous. The company also plans to increase its rig count from six to eight by early next year.


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